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ADI

Analog Devices

$95.95

2.23 (2.38%)

17:02
08/21/18
08/21
17:02
08/21/18
17:02

Analog Devices reinstates buyback, boosts authorization by $2B

Analog Devices announced that it has reinstated its share repurchase program, and that its Board of Directors has authorized the Company to repurchase an additional $2B of its common stock. Vincent Roche, President and CEO, said "Today's announcement reflects our confidence in ADI's strong performance and the successful execution of our strategy. I am pleased that we have achieved our 2x leverage ratio goal ahead of plan, allowing us to enhance our capital returns to shareholders through both our quarterly dividend and share repurchases." "Our goal is to continue delivering broad revenue growth and generate strong cash flow to enable us to invest in the business, grow our capital returns, and deliver shareholder value for years to come." Analog Devices commenced its common stock repurchase program in fiscal year 2004, and since then the Company has repurchased a total of approximately $5.4 billion of its common stock. Under the program, the Company may repurchase outstanding shares of its common stock from time to time on the open market or through privately negotiated transactions. ADI management will determine the timing and amount of shares repurchased.

  • 22

    Aug

ADI Analog Devices
$95.95

2.23 (2.38%)

07/23/18
MSCO
07/23/18
NO CHANGE
MSCO
Tariff uncertainty a potential risk to semiconductor demand, says Morgan Stanley
Morgan Stanley analyst Joseph Moore said the firm's quarterly survey of distributors leads him to expect "solid" Q2 results and Q3 guidance from broad-based semiconductor companies this earnings season as demand remains strong. However, the present tariff related uncertainty present a risk for a "demand shock" that could lead to an inventory unwind in the semi supply chain, Moore warns investors. He thinks the potential of further semi stock outperformance is limited at this stage of the cycle, while "even the slightest whiff on the demand front" could lead to a significant decline in stocks, he tells investors. Moore added that he favors companies with more defensive characteristics, such as Analog Devices (ADI), over those with more commodity exposure and lower margins, like Cypress Semiconductor (CY). Other publicly traded companies in the semiconductors space include Micron (MU), AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN). Shares of Micron are down 2.5% in pre-market trading to $53.65.
08/09/18
MSCO
08/09/18
NO CHANGE
MSCO
Morgan Stanley downgrades semiconductor industry view to Cautious
Morgan Stanley analyst Joseph Moore said he has become less constructive on semiconductor stocks through the year and he now believes elevated inventory levels and stretched lead times leave "no margin for error." Given his view that any lead time adjustment or demand slowdown could drive a "meaningful correction," Moore has downgraded his semiconductor industry view to Cautious from In-Line. He favors connector companies, like Amphenol (APH) and TE Connectivity (TEL) over analog/MCU at this point in the cycle, due to lower risk around lead time issues, Moore said. He also has a "strong preference" for high margin and more defensive models, such as Analog Devices (ADI) over lower margin and commodity exposed ones, like Cypress Semiconductor (CY) and ON Semiconductor (ON), he said. Despite his more cautious view on the space, Moore keeps Overweight ratings on Nvidia (NVDA), Xilinx (XLNX) and Ambarella (AMBA), citing his view that they should benefit from secular growth in the area of AI, data center, and autonomous. Other semiconductor names include Microchip (MCHP), Qorvo (QRVO), Micron (MU), Intel (INTC), Broadcom (AVGO) and Qualcomm (QCOM).
08/09/18
08/09/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. GOLDMAN CUTS SEAGATE TO SELL: Goldman Sachs analyst Mark Delaney downgraded Seagate Technology (STX) to Sell from Neutral and lowered his price target for the shares to $44 from $50, representing 20% downside from current levels. While Seagate has improved its product offerings in the last few years, hard disk drives remain a cyclical industry, and one "facing secular challenges in many parts of the market," Delaney said. He believes Seagate's fundamentals will peak in the second half of 2018 and decline in 2019. RBC CUTS FOX TO SECTOR PERFORM ON VALUATION: RBC Capital analyst Steven Cahall downgraded 21st Century Fox (FOXA) to Sector Perform from Outperform, but raised his price target to $49 from $45. The analyst noted that the stock is now trading near its M&A price and that he does not see any competitive bids emerging. Cahall adds that while the company is "undervalued", he awaits the separation to re-evaluate his stance. MORGAN STANLEY DOWNGRADES SEMI INDUSTRY: Morgan Stanley analyst Joseph Moore said he has become less constructive on semiconductor stocks through the year and he now believes elevated inventory levels and stretched lead times leave "no margin for error." Given his view that any lead time adjustment or demand slowdown could drive a "meaningful correction," Moore has downgraded his semiconductor industry view to Cautious from In-Line. He favors connector companies, like Amphenol (APH) and TE Connectivity (TEL) over analog/MCU at this point in the cycle, due to lower risk around lead time issues, Moore said. He also has a "strong preference" for high margin and more defensive models, such as Analog Devices (ADI) over lower margin and commodity exposed ones, like Cypress Semiconductor (CY) and ON Semiconductor (ON), he said. Despite his more cautious view on the space, Moore kept Overweight ratings on Nvidia (NVDA), Xilinx (XLNX) and Ambarella (AMBA), citing his view that they should benefit from secular growth in the area of AI, data center, and autonomous. SOUTHERN COMPANY GETS MULTIPLE DOWNGRADES AFTER Q2 REPORT: Barclays analyst Eric Beaumont downgraded Southern Company (SO) to Equal Weight and lowered his price target for the shares to $48 from $51. Credit Suisse analyst Michael Weinstein downgraded Southern Company to Underperform from Neutral and lowered his price target on the shares to $43 from $46. Guggenheim analyst Shahriar Pourreza downgraded Southern Company to Neutral from Buy and lowered his price target on the stock to $47 from $50. Evercore ISI analyst Greg Gordon downgraded Southern Company to Underperform from In Line and lowered his price target on Southern shares to $46 from $46.75.
08/14/18
MZHO
08/14/18
NO CHANGE
MZHO
Buy
ON Semiconductor pullback a buying opportunity, says Mizuho
Mizuho analyst Vijay Rakesh views the recent pullback in shares of ON Semiconductor (ON) as a buying opportunity. The analyst attributes the selloff to concerns of a peaking semi cycle, but points out that over the last four-years, ON's exposure to auto and industrial revenue has almost doubled. However, the stock trades at a 50% discount to automotive and industrial peers including Texas Instruments (TXN), NXP Semiconductors (NXPI), Analog Devices (ADI), Maxim Integrated (MXIM) and Monolithic Power (MPWR), Rakesh tells investors in a research note.

TODAY'S FREE FLY STORIES

09:10
02/22/19
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09:10
General news
Fedspeak highlights with several policymakers at a monetary policy forum toda »

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PAAS

Pan American Silver

$14.17

-0.51 (-3.47%)

, TAHO

Tahoe Resources

$3.67

-0.12 (-3.17%)

09:09
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Pan American Silver completes acquisition of Tahoe Resources »

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Pan American Silver

$14.17

-0.51 (-3.47%)

TAHO

Tahoe Resources

$3.67

-0.12 (-3.17%)

03/08/13
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  • 24

    Feb

KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

, STMP

Stamps.com

$198.08

-4.03 (-1.99%)

09:09
02/22/19
02/22
09:09
02/22/19
09:09
Hot Stocks
Fly Intel: Pre-market Movers »

HIGHER: Newmont Mining…

KHC

Kraft Heinz

$48.19

-0.05 (-0.10%)

STMP

Stamps.com

$198.08

-4.03 (-1.99%)

NEM

Newmont Mining

$35.39

0.02 (0.06%)

GOLD

Barrick Gold

$13.31

-0.46 (-3.34%)

ACHV

Achieve Life Sciences

$1.80

0.195 (12.15%)

INTC

Intel

$51.40

-0.01 (-0.02%)

W

Wayfair

$117.14

-0.87 (-0.74%)

TTD

Trade Desk

$150.18

0.07 (0.05%)

AN

AutoNation

$38.37

-0.76 (-1.94%)

FIT

Fitbit

$6.62

-0.03 (-0.45%)

LRCX

Lam Research

$178.83

-3.28 (-1.80%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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    Mar

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    Mar

DSX

Diana Shipping

$3.03

0.03 (1.00%)

09:08
02/22/19
02/22
09:08
02/22/19
09:08
Hot Stocks
Diana Shipping announces time charter contract with Koch for m/v Houston »

Diana Shipping announced…

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03/06/13
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DLPH

Delphi Technologies

$21.70

3.44 (18.84%)

09:07
02/22/19
02/22
09:07
02/22/19
09:07
Recommendations
Delphi Technologies analyst commentary  »

Delphi Technologies price…

03/08/13
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03/08/13
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03/06/13
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VKTX

Viking Therapeutics

$8.62

-0.15 (-1.71%)

09:05
02/22/19
02/22
09:05
02/22/19
09:05
Initiation
Viking Therapeutics initiated  »

Viking Therapeutics…

03/08/13
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MU

Micron

$41.52

-0.7 (-1.66%)

09:05
02/22/19
02/22
09:05
02/22/19
09:05
Periodicals
U.S China trade negotators seek resolution of Micron-Fujian Jinhua spat, FT says »

U.S. and Chinese trade…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 25

    Feb

  • 28

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XOM

Exxon Mobil

$77.84

-0.7 (-0.89%)

, MSFT

Microsoft

$109.47

2.27 (2.12%)

09:05
02/22/19
02/22
09:05
02/22/19
09:05
Hot Stocks
Exxon Mobil partners with Microsoft to increase Permian profitability »

ExxonMobil (XOM) said a…

XOM

Exxon Mobil

$77.84

-0.7 (-0.89%)

MSFT

Microsoft

$109.47

2.27 (2.12%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
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  • 25

    Feb

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  • 18

    Mar

EQ

Equillium

$5.76

-0.56 (-8.86%)

09:05
02/22/19
02/22
09:05
02/22/19
09:05
Initiation
Equillium initiated  »

Equillium initiated with…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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YEXT

Yext

$18.13

-0.99 (-5.18%)

09:04
02/22/19
02/22
09:04
02/22/19
09:04
Hot Stocks
Yext doubles workforce in France, names Selwa Hussain as EMEA CFO »

Yext announced the growth…

03/08/13
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  • 25

    Feb

  • 25

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  • 06

    Mar

ORTX

Orchard Therapeutics

$16.00

(0.00%)

09:04
02/22/19
02/22
09:04
02/22/19
09:04
Hot Stocks
Orchard Therapeutics presents follow-up data from OTL-101 trial »

Orchard Therapeutics…

03/08/13
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PRVB

Provention Bio

$2.42

0.09 (3.86%)

09:04
02/22/19
02/22
09:04
02/22/19
09:04
Initiation
Provention Bio initiated  »

Provention Bio initiated…

03/08/13
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MNKD

MannKind

$1.45

-0.025 (-1.70%)

09:04
02/22/19
02/22
09:04
02/22/19
09:04
Initiation
MannKind initiated  »

MannKind initiated with…

03/08/13
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03/06/13
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  • 27

    Feb

DERM

Dermira

09:03
02/22/19
02/22
09:03
02/22/19
09:03
Initiation
Dermira initiated  »

Dermira initiated with an…

03/08/13
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03/08/13
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03/06/13
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  • 28

    Feb

MDGL

Madrigal Pharmaceuticals

$125.62

2.5 (2.03%)

09:03
02/22/19
02/22
09:03
02/22/19
09:03
Initiation
Madrigal Pharmaceuticals initiated  »

Madrigal Pharmaceuticals…

03/08/13
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  • 11

    Mar

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ICPT

Intercept

$91.83

-7.17 (-7.24%)

09:03
02/22/19
02/22
09:03
02/22/19
09:03
Initiation
Intercept initiated  »

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  • 18

    May

NTRA

Natera

$16.00

-0.17 (-1.05%)

09:02
02/22/19
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Hot Stocks
Natera's dd-cfDNA test shows 'superior performance' in study »

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TRIL

Trillium Therapeutics

$1.28

0.08 (6.67%)

09:02
02/22/19
02/22
09:02
02/22/19
09:02
Syndicate
Trillium Therapeutics 18.75M share Spot Secondary priced at 80c »

Cowen acted as sole book…

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  • 22

    Feb

ROKU

Roku

$51.47

-2.16 (-4.03%)

09:01
02/22/19
02/22
09:01
02/22/19
09:01
Recommendations
Roku analyst commentary  »

Roku price target raised…

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AN

AutoNation

$38.37

-0.76 (-1.94%)

, TSLA

Tesla

$291.18

-11.33 (-3.75%)

09:01
02/22/19
02/22
09:01
02/22/19
09:01
Periodicals
AutoNation CEO says Elon Musk acts in 'almost unethical way', CNBC reports »

AutoNation (AN) outgoing…

AN

AutoNation

$38.37

-0.76 (-1.94%)

TSLA

Tesla

$291.18

-11.33 (-3.75%)

03/08/13
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03/06/13
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03/06/13
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  • 22

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GLPG

Galapagos NV

$97.83

-3.2 (-3.17%)

09:00
02/22/19
02/22
09:00
02/22/19
09:00
Initiation
Galapagos NV initiated  »

Galapagos NV initiated…

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  • 22

    Feb

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KL

Kirkland Lake Gold

$36.03

2.6 (7.78%)

08:59
02/22/19
02/22
08:59
02/22/19
08:59
Downgrade
Kirkland Lake Gold rating change  »

Kirkland Lake Gold…

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  • 22

    Feb

CBAY

CymaBay

08:59
02/22/19
02/22
08:59
02/22/19
08:59
Initiation
CymaBay initiated  »

CymaBay initiated with an…

03/08/13
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AIN

Albany International

$76.37

-0.285 (-0.37%)

08:58
02/22/19
02/22
08:58
02/22/19
08:58
Initiation
Albany International initiated  »

Albany International…

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  • 28

    Mar

ATRS

Antares Pharma

$3.21

0.01 (0.31%)

08:58
02/22/19
02/22
08:58
02/22/19
08:58
Recommendations
Antares Pharma analyst commentary  »

Antares Pharma upside…

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